On the first day of the implementation of new regulations for online catering, Taobao Flash Purchase, in compliance with regulations, completed the first batch of takeaway merchant labeling in conjunction with regulatory authorities in multiple regions.
The new regulations for online food ordering, effective June 1st, have been implemented with Taobao Flash Purchase collaborating with local regulatory bodies to label the first batch of "no dine-in" takeout merchants. This initiative aims to enhance food safety and compliance, with merchants able to self-report labels like "no dine-in" and "visible kitchen." Concurrently, AI company MiniMax is reportedly planning an IPO on the Shanghai Stock Exchange's STAR Market, and Dreame is seeking Pre-IPO funding at a valuation of approximately 70 billion RMB. AI
IMPACT New regulations for online food ordering are being implemented, while AI companies like MiniMax and Dreame pursue significant funding and IPOs, indicating continued investment and market development in the AI sector.